Consolidated financial statements
Consolidated cash flow statement
Note | 2020 | 2019 | |||
Net result for the year (including minorities) | 46 963 | 48 453 | |||
Depreciation on tangible and intangible assets | 15/16 | 30 488 | 31 393 | ||
Loss/(Profit) on fixed-asset sales | – 5 042 | – 801 | |||
Change in employer contribution reserves, pension scheme assets/liabilities | 18 | 168 | – 536 | ||
Book gains on securities, other non-cash currency effects | 5 | 4 | |||
Share-based compensation | 3/33 | 180 | 0 | ||
Change in provisions | 25/27 | – 16 057 | 235 | ||
Release of/(Increase in) deferred tax assets | 20 | – 11 967 | 507 | ||
Further non-cash income/expense | 1 103 | 688 | |||
Cash flow | 45 841 | 79 943 | |||
Decrease/(Increase) in securities | 0 | 0 | |||
Decrease/(Increase) in trade accounts receivable | 11 | 20 486 | – 1 319 | ||
Decrease/(Increase) in other receivables and prepaid expenses | 12/13 | – 143 | – 583 | ||
Decrease/(Increase) in inventories | 14 | – 4 059 | – 10 176 | ||
Increase/(Decrease) in trade accounts payable | 21 | – 9 002 | – 2 823 | ||
Increase/(Decrease) in other and accrued liabilities | 22/23 | 1 835 | – 4 015 | ||
Decrease/(Increase) in net current assets | 9 117 | – 18 916 | |||
Cash flow from operating activities | 54 958 | 61 027 | |||
Investments in tangible fixed assets | 16 | – 17 507 | – 21 888 | ||
Disposals of tangible fixed assets | 16 | 5 234 | 816 | ||
Investments in intangible assets | 15 | – 1 268 | – 971 | ||
Investments in business activities/minorities | 28 | – 1 600 | 0 | ||
Investments in financial and other long-term receivables | 19 | – 258 | 0 | ||
Disposals of financial and other long-term receivables | 19 | 124 | 100 942 | ||
Cash flow from investment activities | – 15 275 | 78 899 | |||
Free cash flow | 39 683 | 139 926 | |||
Increase in short-term financial liabilities | 24 | 1 370 | 0 | ||
Decrease in short-term financial liabilities | 24 | – 5 759 | – 3 393 | ||
Issue/(Redemption) of corporate bonds | 26 | 0 | – 120 000 | ||
Increase/(Decrease) in long-term financial liabilities | 26 | 0 | – 1 111 | ||
Increase/(Decrease) in other long-term liabilities | – 231 | – 214 | |||
Treasury share purchases | 33 | – 1 543 | – 1 358 | ||
Treasury share sales | 33 | 1 355 | 1 394 | ||
Nominal value reduction | – 10 798 | 0 | |||
Dividends to shareholders | – 16 | – 10 921 | |||
Cash flow from financing activities | – 15 622 | – 135 603 | |||
Currency translation effects | – 892 | – 245 | |||
Net change in cash and cash equivalents | 23 169 | 4 078 | |||
Cash and cash equivalents at 1 January | 93 096 | 89 018 | |||
Change | 23 169 | 4 078 | |||
Cash and cash equivalents at 31 December | 116 265 | 93 096 |